Summary
Puzzle has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 0.1% (very low). A small non-profit association files its annual accounts with the court registry, not with the National Bank.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Puzzle
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “SAMENSTELLING BESTUUR, Artikel 13” (deed in Dutch)“BENOEMING EN AFZETTING BESTUURDERS, Artikel 14” (deed in Dutch)“Artikel 15, normale en gerechtvaardigde uitgaven/kosten vergoed onder algemene kosten” (deed in Dutch)“Video-,telefoon-,mailconferentie met voorschriften fysieke vergadering, Artikel 16” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Artikel 5, effectieve en toegetreden leden niet aansprakelijk in die hoedanigheid” (deed in Dutch)“Effectieve leden, volheid lidmaatschap inclusief stemrecht uitsluitend effectieve leden” (deed in Dutch)“Lidkaart, toegetreden leden” (deed in Dutch)3 more provisions on this in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereffenaars, 30” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed